Turkish scrap import prices closed the week at $220/metric ton CFR Friday, down $5/mt from September 2. The week began flat, but two premium US bookings shaped the benchmark Thursday. The two cargoes went at $220/mt, with the level repeated by both a Baltic and a European cargo.
The drop was shaped by a deep fall in the US domestic scrap price, alongside a hard rout in the UAE domestic rebar price issued by Emirates Steel.